MRED MediaREADY and Shandong Jiajia International Agree to Extend Letter of Intent Until January 31, 2008

MediaREADY and Shandong Jiajia International Agree to Extend Letter of Intent Until January 31, 2008PR Newswire "US Press Releases "
FORT LAUDERDALE, Fla., Nov. 16 /PRNewswire-FirstCall/ -- MediaREADY, Inc. (OTC Bulletin Board: MRED), a provider of innovative interactive, media-convergent entertainment devices, announced today that the company has agreed along with Shandong Jiajia International Freight & Forwarding Co., Ltd. ("Shandong Jiajia") to extend the previously announced Letter of Intent for Media Ready to acquire a minimum of a 51% controlling interest in Shandong Jiajia. Shandong Jiajia, a comprehensive logistics service provider and international shipping agency, based in Qingdao, Shandong, China, arranges international land, maritime, and air transportation for its clients and achieved un-audited 2006 revenues of over $36 million. The agreement was extended as both companies await government approval, which is anticipated to be received shortly, and to accommodate the auditing of Shandong Jiajia.
Jeffrey Harrell, President of MediaREADY, Inc. said, "Both companies remain committed to completing this acquisition and are working diligently to achieve the closing of this transaction. We believe that through this acquisition MediaReady can achieve a profitable future and an international presence."
Since 1999, Shandong Jiajia has offered its clients a comprehensive service package which includes; receipt of goods, warehousing, transporting shipments, consolidation of freight, customs declaration, inspection declaration, multimodal transport, and combined large-scale logistics. The company has established extensive relationships with both Domestic and International transportation service providers. Shandong Jiajia has been the designated agent of world known shipping companies including; NYK (Nippon Yusen Kaisha), P&O (Nedlloyd), and RCL (Regional Container Lines). The company realized a 2006 gross profit of $2.6 million on over $36 million in revenues (un-audited).
The agreement provides for MediaREADY to acquire at least 51% of Shandong Jiajia. The Letter of Intent now provides that the parties will enter into a definitive agreement with expectations of a successful closing of the acquisition by January 31, 2008.
About MediaREADY Incorporated:
MediaREADY, Inc (OTC Bulletin Board: MRED) is a pioneer in the media center and portable media device markets offering products and services that provide consumers with new gateways to today's digital media and online services; therefore influencing how consumers are entertained, become informed, and communicate. The Company has launched several products in categories including; media center and portable media center products, customer support and affiliate promotion services. MediaREADY is focused on delivering products and solutions that are innovative, affordable, and easy to use. For more information on the MediaREADY product line, including purchasing information, visit http://http://www.MediaREADYInc.com .
Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE MediaREADY, Inc.